Agenda of the Meeting of the Board of Directors

January 19, 2023

Completed

  1. POLICY ANALYSIS AND INTERNATIONAL RELATIONS
    OECD Local Cost Increase
    Review Required: None
    Decision Required: Approval
    Deatherage/Hill
     
  2. Policy Proposal for EXIM Financing 5G Transactions
    Review Required: None
    Decision Required: Approval
    Rollo/Condren
Certification for Closure of Meeting

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF OPEN BOARD OF DIRECTORS MEETING MINUTES
JANUARY 19, 2023

  1. POLICY ANALYSIS AND INTERNATIONAL RELATIONS
    OECD Local Cost Increase - Recommendation to approve the maximum eligible amount for local cost financing to align with the OECD Arrangement of Officially Supported Export Credits rules, an increase of local cost financing from 30% to 40% for high- income markets and 50% for all other countries for medium and long-term transactions.
    Review Required: None
    Decision Required: Approval
    Board Decision: APPROVED. Chair Lewis, Vice Chair Pryor, Director Bachus, and Director Herrnstadt all voted in favor of approving the recommendation.
  2. Policy Proposal for EXIM Financing 5G Transactions - Recommended clarifications allowing for the eligibility of foreign content shipped from overseas, the application of U.S. flag shipping to such shipments, and a level of PRC exclusion due diligence consistent with content due diligence for 5G, 5G enabling, or future wireless communications technology transactions. 
    Review Required: None
    Decision Required: Approval
    Board Decision: APPROVED. Chair Lewis, Vice Chair Pryor, and Director Bachus voted in favor of approving the recommendation. Director Herrnstadt voted against.
Date Posted